AT&T, Inc (NYSE: T) is -4.74% lower on its value in year-to-date trading and has touched a low of $15.94 and a high of $24.03 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The T stock was last observed hovering at around $22.18 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $21.69, the stock is -4.68% and -4.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 41.52 million and changing -2.21% at the moment leaves the stock 8.56% off its SMA200. T registered 27.96% gain for a year compared to 6-month gain of 15.01%. The firm has a 50-day simple moving average (SMA 50) of $22.7642 and a 200-day simple moving average (SMA200) of $19.9789.
The stock witnessed a -7.19% loss in the last 1 month and extending the period to 3 months gives it a -1.09%, and is -4.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.98% over the week and 1.78% over the month.
AT&T, Inc (T) has around 149900 employees, a market worth around $155.63B and $122.06B in sales. Current P/E ratio is 17.63 and Fwd P/E is 10.16. Profit margin for the company is 7.25%. Distance from 52-week low is 36.07% and -9.74% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
with sales reaching $31.95B over the same period.The EPS is expected to shrink by -9.19% this year, but quarterly earnings will post -0.27% year-over-year. Quarterly sales are estimated to shrink -0.23% in year-over-year returns.
AT&T, Inc (T) Top Institutional Holders
3011.0 institutions hold shares in AT&T, Inc (T), with institutional investors hold 62.36% of the company’s shares. The shares outstanding are 7.17B, and float is at 7.16B with Short Float at 1.47%. Institutions hold 62.31% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 629.67 million shares valued at $12.03 billion. The investor’s holdings represent 8.7502% of the T Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 527.05 million shares valued at $10.07 billion to account for 7.3283 of the shares outstanding. The other top investors are STATE STREET CORP which holds 322.14 million shares representing 4.4791% and valued at over $6.16 billion, while NEWPORT TRUST CO holds 2.7512 of the shares totaling 197.98 million with a market value of $3.78 billion.
AT&T, Inc (T) Insider Activity
#####
